The Downfall Of Bitcoin During The Inflated Rallies

The bitcoin price has dropped more than 50% since the start of the year, leaving many observers wondering if the cryptocurrency will ever recover.

Bitcoin has been on a roller coaster ride over the past few months. At one point, it hit a record high of $19,343.46 on December 17, 2018. It was followed by a sharp drop in January, when for the first time in history, it fell below $3,000.

Bitcoin price fluctuated wildly in 2019, with periods of high volatility interspersed with periods of calm. Some analysts attribute this volatility to short-term factors such as Chinese regulations and technical problems with some trading platforms.

However, there are also long-term factors at play that could ultimately determine whether Bitcoin succeeds or fails as an investment vehicle: Will regulators end up regulating currencies? digital currency like Bitcoin? Will the government ban them outright? What about interest rates?